Revenues from Tariffs Spiked to $23 Billion in May, up by 168% in 3 Months by Wolf Richter • Jun 2, 2025 • 88 Comments It’s not nothing: At this pace, tariffs would raise receipts from corporate taxes by 39%, but would make only a dent into the huge US deficit.
S&P’s US Manufacturing PMI Shows “Solid” Growth Powered by Jump in Domestic New Orders. Canada & Mexico PMIs Tank by Wolf Richter • Jun 2, 2025 • 18 Comments But the ISM Manufacturing PMI for the US shows contraction on declining new orders. The contradicting PMIs add to the confusing “soft data.”
Office CMBS Delinquency Rate Re-Spikes to 10.6%, to Worst Levels of the Financial Crisis Meltdown by Wolf Richter • May 31, 2025 • 74 Comments It’s the older office towers that get in trouble amid a flight to quality.
How Financial Services, a Market Plunge in April, and a Historic Cliff-Dive by Recreation Services Messed with PCE Inflation Today. But a Snap-Back Cometh by Wolf Richter • May 30, 2025 • 56 Comments Outside of two heroes that pushed down the overall indices, there isn’t anything benign about this PCE inflation data.
US Government Interest Payments to Tax Receipts, Average Interest Rate on the Debt, and Debt-to-GDP Ratio in Q1 2025 by Wolf Richter • May 29, 2025 • 93 Comments Update on an ugly situation.
Pending Home Sales Plunge in All Regions, Inventories Surge. In the West & South, Collapsed Sales Meet Spiking Inventories by Wolf Richter • May 29, 2025 • 67 Comments Adios, “spring selling season.”
THANK YOU 💖 for Your Wonderful Support of WOLF STREET!!! And if You Missed it, a Reminder: Please Donate by Wolf Richter • May 19, 2025 • 17 Comments Your support is what keeps Wolf Street open to all, without paywall, to reach the largest possible audience.
The Most Splendid Housing Bubbles in America, April 2025: The Price Drops & Gains in 33 of the Largest Housing Markets by Wolf Richter • May 18, 2025 • 82 Comments National year-over-year price gain shrinks to 0.7%. Now 18 of 33 metros have YoY price drops: San Diego, Austin, Tampa, Miami, San Francisco, San Antonio, Dallas, Phoenix, Orlando, Atlanta, Denver, Raleigh, Houston, Birmingham…
Foreign Investors Loaded Up on Treasury Securities in March Despite all the Turmoil in the Media by Wolf Richter • May 17, 2025 • 72 Comments And in April, their purchases of long-term securities at Treasury auctions increased.
Moody’s Cuts US Government Credit Rating due to Deficits & Debt, Blames “Successive US Administrations and Congress” by Wolf Richter • May 16, 2025 • 164 Comments US government kisses its last triple-A credit rating goodbye. Downgrade to “junk” would have been more appropriate?
